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Quorum Announces Acquisition Of Vinn Automotive Technologies Limited

RECENTLY ACQUIREDJun 27, 2023

Acquiring Company

Quorum Information Technologies

Acquired Company

Quorum Information Technologies

CalgaryCalgaryInformation TechnologySoftwareConsultingInformation TechnologySoftwareConsulting

Description

Quorum Information Technologies Inc. (TSX-V: QIS) (OTC Pink: QIFTF) (“Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, is pleased to announce that it has closed the arms-length acquisition (the “Transaction”) of VINN Automotive Technologies Limited (“VINN”) - New & Used Cars for Sale | VINN. VINN is Quorum’s fifth acquisition in six years and marks another step forward in Quorum’s strategy to be a full-service provider to automotive dealerships.

Quick answer

Quorum Information Technologies is acquiring Quorum Information Technologies, announced June 27, 2023. Quorum Information Technologies is based in Calgary, Alberta, Canada.

How much did Quorum Information Technologies pay for Quorum Information Technologies?
The deal value was not disclosed.
Where are Quorum Information Technologies and Quorum Information Technologies based?
Quorum Information Technologies is based in Calgary, Alberta, Canada. Quorum Information Technologies is based in Calgary, Alberta, Canada.

Source: Fundz verified event record.

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Company Information

Company

Quorum Information Technologies

Location

Calgary, Alberta, Canada

About

Quorum is a provider of innovative and robust software technology solutions and services for traditional and electric vehicle dealerships and Original Equipment Manufacturers (OEMs) across North America. The company delivers a comprehensive suite of integrated software, including enterprise resource planning (ERP), customer relationship management (CRM), digital retailing, and enterprise reporting and analytics, designed to solve complex operational challenges while driving greater efficiency, synergy, and long-term value for its customers.

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Frequently asked

Who acquired Quorum Information Technologies?

Quorum Information Technologies was acquired by Quorum Information Technologies, based in Calgary. The deal was reported on June 27, 2023. Quorum is a provider of innovative and robust software technology solutions and services for traditional and electric vehicle dealerships and Original Equipment Manufacturers (OEMs) across North America. Quorum Information Technologies is privately held and operates in Information Technology.

When did Quorum Information Technologies acquire Quorum Information Technologies?

Quorum Information Technologies's acquisition of Quorum Information Technologies was reported on June 27, 2023. Quorum Information Technologies Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Quorum Information Technologies do?

Quorum is a provider of innovative and robust software technology solutions and services for traditional and electric vehicle dealerships and Original Equipment Manufacturers (OEMs) across North America. It is privately held, operating in Information Technology, and is based in Calgary.

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